Final Discharge. (a) The Secured Party is not obliged to discharge the Security under clause 3.1 if, at the time the requirements of clause 3.1 are satisfied, the Secured Party (acting reasonably) is of the opinion that the Grantor or any other Transaction Party owes further Secured Moneys contingently or otherwise to the Secured Party.
Appears in 2 contracts
Samples: Securities Purchase Agreement (Discovery Energy Corp.), Securities Purchase Agreement (Discovery Energy Corp.)
Final Discharge. (a) The Secured Party is not obliged to discharge the Security Mortgage under clause 3.1 if, at the time the requirements of clause 3.1 are satisfied, the Secured Party is of the opinion (acting reasonably) is of the opinion that the Grantor or any other Transaction Party owes further Secured Moneys contingently or otherwise to the Secured Party.
Appears in 2 contracts
Samples: Securities Purchase Agreement (Discovery Energy Corp.), Specific Security Agreement (Discovery Energy Corp.)
Final Discharge. (a) The Secured Party is not obliged to discharge the Security security interest under clause 3.1 4.1 if, at the time of the requirements of request under clause 3.1 are satisfied4.1, the Secured Party (acting reasonably) is of the reasonable opinion that the Grantor or any other Transaction Party owes further Secured Moneys contingently or otherwise to the Secured Party.that:
Appears in 1 contract
Samples: Legend International Holdings Inc
